IFA: AIOFP partners with DASH for new white label offering
The Association of Independently Owned Financial Professionals has signed a head of agreement with fintech DASH to launch a white label platform, Foundation Adviser Wrap.
Its decision to launch a whit label solution, the AIOFP explained, comes in response to member concerns regarding the security of their businesses and client relationships, citing moves from major platforms to restrict access for certain dealer groups, pointing the finger at Macquarie, Netwealth and HUB24.
“Independent advisers are running small businesses. The ability for a platform to restrict access without cause creates a real and immediate risk to those businesses,” the association’s chief executive, Peter Johnston, said.
“Foundation is about putting that risk back under control – ensuring advisers retain access to the platform while their clients’ assets remain in place.”
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